The situation in Ukraine is intensifying as Russia has now given Ukrainian forces in Crimea an ultimatum: they must surrender by dawn local time on Tuesday. Ben Willis of Albert Fried says this pushed stocks even lower than they were at the beginning of the day. He also noted wheat prices have risen. Other moves in the market include gold and crude moving higher. Gold is a defensive play and crude is moving higher as Russia is protecting its natural gas business.

President Trump's move Thursday to cancel his meeting with North Korea leader Kim Jong Un sent the stock market into a "tizzy," according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.